CBS MBA Program Viewbook
CBS MBA Program Viewbook
Columbia Business School creates leaders who are well positioned to excel in the rapidly changing business world. Columbias MBA Program leads the charge in this new era of business education, starting with our natural advantages: cutting-edge faculty research and a focus on experiential learning, a powerful alumni network, and our location in the city of New York. Columbia Business School is not simply located in New York. The School is fully immersed here. With its longstanding tradition of excellence and Manhattan address, the Columbia MBA Program draws the most influential and innovative business leaders and thinkers to campusto address, teach, and mentor students. The curriculum embraces Columbias intellectual capital and location, forging a vital link between rigorous academic theory and real-world practice. The MBA Program inspires and fosters entrepreneurial thinking, which prepares graduates to lead effectively, capture opportunity, and respond dynamically to changes in business. Embracing the power of possibility, Columbia graduates dont just join the workforcethey influence it, shape it, and change it for the better.
Again and again, our graduates tell me that Columbia Business School changed for that their lives. The School prepared them
This morning I sat in a room with leaders representing over $100 billion in capital as part of the Real Estate Forum put together by the Milstein Center for Real Estate. This
lars unhjem 08 Co-president of the student-run Real Estate Association
longstanding relationships with the School. Students often establish and maintain connections with visiting business leaders, which can translate into professional opportunities, including summer internships.
taught or studied at Columbia, including University Professor Joseph Stiglitz, who often teaches at the Business School. The Business Schools affiliation with the University fosters learning across disciplines, stimulating teaching excellence in finance, consumer behavior, business decision making, and negotiations and strategy.
reCenT speakers
Warren Buffett MS 51 Chairman and CEO, Berkshire Hathaway, Inc. Jamie Dimon Chairman and CEO, JPMorgan Chase Lew Frankfort 69 Chairman and CEO, Coach, Inc. Shantayanan Devarajan Chief Economist, Africa Region, World Bank Bill Gates Founder and Chairman, Microsoft Andrea Jung Chairman and CEO, Avon Products, Inc. Shelly Lazarus 70 Chairman, Ogilvy & Mather Worldwide Henry Paulson Former Treasury Secretary, United States Former Chairman and CEO, Goldman Sachs Vivian Schiller President and CEO, NPR
Thirteen winners of the Nobel Prize in Economics have taught or studied at Columbia.
marketing, and strategy consulting helped a local clothing designer decide whether to open a brick-andmortar store or aggressively pursue online sales.
One of the great things about being here is the number of business leaders and academic stars who come through every week. Theres an embarrassment of riches.
mark broadie Carson Family Professor of Business, Decision, Risk, and Operations Division
Students
go to retail environments, go into companies, and look at all the different aspects that make up a brand. I use multiple formats in, and outside, the classroom to help students experience and understand ideas.
bernd sChmiTT Robert D. Calkins Professor of International Business, Marketing Division
The faCulTy
Teachers, Innovators, Thought Leaders Members of the Columbia Business School faculty are renowned worldwide for creating knowledge in their fields while also having a direct impact on the practice of business. Columbia students are often the first to learn cutting-edge ideas developed by our faculty membersideas that others will later adopt, teach, and apply. In the classroom, lectures and case studies come alive thanks to faculty members extensive experiences in the business world. Academic journals and media outlets seek out Columbia Business School professors perspectives on current issues. Chris Mayer, the Paul Milstein Professor of Real Estate, is a prime example. As the national housing market grows ever more complex, Professor Mayer has been highly sought-after for his expertise and is a frequent commentator in the national media.
Ray Fisman, the Lambert Family Professor of Social Enterprise, is a rising star in the area of economic development. A panelist at the World Economic Forums meeting in Davos, Professor Fisman is also an active researcher in the emerging field of behavioral economics. Bernd Schmitt, the Robert D. Calkins Professor of International Business and faculty director of the Center on Global Brand Leadership, is an internationally renowned branding expert whose research and consulting have helped businesses worldwide gain competitive advantage through delivering a great customer experience. He has appeared not only on the BBC, CNN, and CNBC, but also on The Daily Show with Jon Stewart. Columbia Business School students thrive on their access to faculty members. It is not unusual for these productive relationships to be maintained long after graduation.
l www.gsb.columbia.edu/ideas
CurriCulum
Columbias MBA Program prepares students to lead, build, and manage successful enterprises in a rapidly changing, global economy. This begins with a flexible, dynamic curriculum that
curricular innovation and commitment to providing the best-in-class management education for the next generation of business leaders. Electives Beginning in the second term, students select from one of the largest and most innovative slates of electives at any business school. The more than 200 offerings include New Challenges in Healthcare Management; Business Strategy for Emerging Markets; Information Technology and Operations Strategy; and Marketing Art, Culture, and Education. The School also encourages students to take
prepare graduates for a lifetime of change, in business and in their own careers
fosters an entrepreneurial mindset that allows graduates to capture opportunity whenever it appears
Flexible Core The core curriculum, a series of focused, rigorous, and relevant courses taken largely in the first two terms, has recently been revised to allow students greater flexibility in choosing core classes that best enhance their skills and experience while ensuring they get a solid foundation that can be applied to any industry over the course of a business career. A feature of the new curriculum, the flexible core allows students to select one course from each of three general areas organizations, performance, and marketsgaining a deeper foundational understanding of the workplace and the marketplace while homing in on the specific curricular areas they deem most valuable. The flexible core reflects Columbia Business Schools ongoing
The flexible core reflects Columbia Business Schools ongoing curricular innovation.
advantage of the more than 4,000 graduate-level courses available across the University, as well as the Schools ten dual-degree partnerships. Students may define their own focus or select from such established areas as accounting, decision and risk analysis, entrepreneurship, healthcare and pharmaceutical management, marketing, media, operations management, real estate, and social enterprise.
l www.gsb.columbia.edu/mba/academics/curriculum
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I really valued the emphasis on teamwork at Columbia. You cant lead a company without working together.
jessiCa feinsTein 07 Associate Brand Manager, Unilever, Englewood Cliffs, NJ
versaTive programs
Success in business goes well beyond mastering functional competencies. Leadership ability is among the most important skills required for achievement at the highest levels. An entrepreneurial mindset, coupled with the ability to seize opportunity, is crucial. Increasingly, people in business are defining success to include both doing well and doing good. Through a holistic curriculum that features a number of innovative programs, Columbia Business School helps students develop the skills, perspective, and insight they need to lead, create, and succeed. Program on Social Intelligence (PSI) Columbia Business School is at the vanguard of a new movement in business education that recognizes the importance of social acuitythe ability to lead, read people, manage individuals and teams and negotiate with advocates and adversariesand creates a framework that cultivates these skills. The Program on Social Intelligence is integrated throughout the entire student experience, from orientation to reunions, in core and elective classes, career-management programs, and extracurricular activities. Students are introduced to PSI through three methods: individualized assessment, in which they receive feedback on such characteristics as their team habits, career values, and cultural styles; experiential learning, which involves practicing social skills as part of learning teams and other group activities; and executive coaching, in which professional coaches
help students examine their strengths and identify areas for improvement. The program aims to help students draw out the talents, energy, and best efforts of all the people with whom they interact. This recognition of and curricular response to this business movement, as well as Columbias New York location, enable the MBA Program to capitalize on the complementary expertise of major players who are leading the thinking about social intelligence. Among them are Daniel Goleman, whose books have popularized the concepts of emotional and social intelligence, and New Yorker writer and The Tipping Point author Malcolm Gladwell.
l www.gsb.columbia.edu/psi
Master Classes Master Classes are project-based courses that challenge students to integrate concepts learned in the classroom with immediate business problems and to make managerial decisions that have real-world impact. Each Master Class offers students hands-on exposure to the day-to-day challenges of the business world; students might consult with a chain store looking to expand into a new region, a company in turnaround or an organization planning to refocus an existing product into a new demographic target market. In Macro Investing, for example, students are introduced to macroeconomics-based trading strategies, the development of new financial securities and products, and a variety of public-policy issues. In teams of six, students work closely with external fund
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managers to build a macro investment strategy or develop a new financial product or market related to the topics covered in the course. The teaching team, led by Stephen Zeldes, the Benjamin Rosen Professor of Finance and Economics, and Charles Himmelberg, adjunct associate professor of finance and economics and US credit strategist for Goldman Sachs, exemplifies the bridge between theory and practice and capitalizes on the faculty members academic expertise and extensive practical experience.
l www.gsb.columbia.edu/masterclasses
The Entrepreneurship Program Through a wide range of initiatives, the Entrepreneurship Program brings together people, ideas, and resources in ways that transform emerging business ideas into viable strategies and, ultimately, thriving organizations. As aspiring entrepreneurs connect with mentors, investors, and other budding entrepreneurs, opportunities take shape and companies and leaders are born. The Entrepreneurial Greenhouse Program helps students prepare their business plans for investment by providing funding for prelaunch expenses, access to experts in key fields and opportunities to present business concepts to professional investors. On average, more than half of the businesses nurtured by the Entrepreneurial Greenhouse Program are launched immediately after their founders graduate. With support from the program and seed capital from the Lang Fund, Dawn Sanders 05 was able to launch Eyespa, the first day spa in East Harlem, and break
As aspiring entrepreneurs connect with mentors, investors, and other budding entrepreneurs, opportunities take shape and companies and leaders are born.
even after just three months. The Lang Fund process forces you to be serious about what you want to do, says Sanders. The Entrepreneurship Programs annual A. Lorne Weil Outrageous Business Plan Competition offers Columbia students a venue for entrepreneurial ideas that are so ambitious in scope and scale that they would likely be dismissed in more traditional outlets. Another initiative, the Entrepreneurial Sounding Board, provides opportunities for MBA students to meet individually with faculty members and practitioners affiliated with the Entrepreneurship Program to discuss entrepreneurial ideas and potential business opportunities. These 30-minute sessions provide students with a platform to receive preliminary feedback, next-step action items and, in many cases, links to additional support from appropriate mentors.
l www.gsb.columbia.edu/entrepreneurship
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Social Enterprise Program Whether heading to the public or private sectoror some combination over a lifetimeColumbia MBAs gain the tools to make a difference in the world. That happens in part through the Social Enterprise Program, which integrates electives, internships, and research projects for students who seek a career in a nonprofit organization or in government, have an interest in volunteering or serving on a nonprofit board, or want to learn more about social innovation in business. This extraordinarily successful program
Program translated into an opportunity to serve on the junior board of the Central Park Conservancy. Through the CORPS Fellowship Program, which subsidizes summer internships in the nonprofit and public sectors, Columbia students have helped New York neighborhoods battle childhood asthma, Manhattan businesses rebuild after 9/11, and women in need gain access to microfinance loans. Research symposiums bring together practitioners, scholars, and policymakers to discuss subjects ranging from state-of-the-art practices in microfinance to socially responsible investing. After graduation, the Columbia Business School Loan Assistance Program helps alleviate the financial burden associated with repaying education loans for MBAs who take management and leadership positions in the public and nonprofit sectors.
l www.gsb.columbia.edu/socialenterprise
Media Program
l www.gsb.columbia.edu/media
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Columbia is located in the most international city in the world, and the student body reflects that. Even when I was here more than 30 years ago, one-third of the students were from other countries.
This business school is the perfect fit for the global world we are living in today.
paolo sCaroni 73 CEO, Eni S.p.A., Rome
of outsourcing to India for both the US and the Indian economies, upending assumptions about each and delineating needed reforms. And on the 60th anniversary of George C. Marshalls proposal of the European Recovery Program, Dean Glenn Hubbard and William Duggan, associate professor of management, wrote a Financial Times op-ed piece proposing a similar business-sector support project for Africa.
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global presenCe
The umbrella for international opportunity at the School, the Jerome A. Chazen Institute of International Business uses research, teaching, and travel to enable students to translate entrepreneurial skills into any culture. The Chazen Institute funds cross-disciplinary and cross-school research, oversees international exchange programs, sponsors conferences on timely global issues, hosts an international career management services conference, and publishes the journal Chazen Global Insights.
l www.gsb.columbia.edu/chazen
More than half of Columbias faculty members have lived or worked abroad.
innovation firsthand in more than 25 countries. Each term, students study at 1 of 26 top business schools worldwide through the Chazen MBA Exchange Program. Exchange programs also extend to faculty research.
l www.gsb.columbia.edu/chazen/students
industry-focused
Berlin and London (Real Estate) Brazil (Renewable Energy) Hong Kong and Shanghai (Real Estate) India (Social Enterprise) Mexico (Real Estate) Paris and Brussels (Corporate Social Responsibility) Rwanda (Social Enterprise) So Paulo and Buenos Aires (Real Estate)
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Selling Cooking Gas in Cameroon Working with EMP Africa has been an invaluable experience for all of us. Over spring break we traveled to Cameroon to interview distributors, retailers, customers, and other industry stakeholders in four different cities, as well as company management, and discovered that in many ways our project was a classic marketing problem: our client clearly has a superior product but does not know how to market it.
gbolade arinoso 08, alonzo doriTy 07, brad fusCo 07, jusTin mandel 08, mark pedersen 07, and jindriCh ziTek 08 The team of students from Columbia Business Schools International Development Club, reporting on their Social Enterprise Program experience in Cameroon
Columbia
of community. Our cluster was especially reunion, and people flew in from all over the world.
elise dowell 02 Communications Director, Jewish Theological Seminary, New York
a sTudenT-foCused Campus
The Columbia campus is bustling, with more than 100 events offered in a typical week. Conferences many designed and organized by students feature business and government leaders for panels, workshops, networking, and socializing. Clubs bring students together in many ways, including by career and professional interest, cultural or geographic affiliation, and social interest. There are also clubs devoted to athletics and other leisure activities, from rugby to wine tasting to salsa dancing.
The Columbia campus is bustling; more than 100 events are offered in a typical week.
foster lasting professional and personal relationships. Starting with orientation, learning teams of five to six students promote cooperation and collaboration, a hallmark of the Columbia experience.
On a dynamic campus in the heart of New York, the only thing typical about any given day at Columbia Business School is the countless options. One student gamely tried to capture her activities on a single autumn day.
12:302 p.m. Working lunch with my learning team in the caf in the
architecture school (just next to Uris Hall and the best food on campus). Were working on a valuation for Corporate Finance.
22:30 p.m. Answer some e-mails about scheduling informational interviews with alumni downtown. E-mail tutors to set up a time to work on accounting over the weekend.
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2:303:30 p.m. Swing by the Career Management Center to set up a session for the mock interview workshop. Work on rsums and cover letters with a Career Management Center adviser.
3:304:30 p.m. Rehearsal for Cluster Cup event. As social rep for Cluster H, I am directing a sketch for the upcoming Halloween show. Were making a Broadway musical-style skit out of a finance case about a distressed lumber company. Trust me, its really funny.
8:00 p.m. Listen to Steve Michaelson, CMO of Supervalu and former president
of Fresh Direct, discuss how he used his retail, merchandising, and marketing experience to build one of the nations leading online food-delivery services.
910:30 p.m. Conference call for the MBA Media Management Conference;
as an AVP for the Media Management Association, Im working on the conference in February.
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Our
alumni group meets regularly, and Im able to broaden my network both inside and outside my industry. Although I only graduated
a few years ago, Ive already tapped into the Columbia network several times for mentorship and industry contacts.
kellie jenks 04 Investment Manager, The Lionstone Group, Houston
students get the same early exposure to trading that launched his career in commodities. Its easy to read about how things trade and how the market changes dynamically over time, but to experience it live is very different.
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Admissions
Making the Right Connection
Columbia Business School represents a significant investment in ones future, a commitment that will pay dividends not just in the first job after graduation but throughout a career. Columbia looks for students who come from a broad range of educational, professional, economic, social, cultural, and geographic backgrounds and who also have a few key elements in common: intellectual ability, a record of achievement, demonstrated leadership, and the ability to work as part of a team.
requiremenTs
To apply for and attend the program, you must have: Completed application including two letters of recommendation and essays Bachelors degree (or equivalent) GMAT or GRE score Test of English as a Foreign Language (TOEFL), if appropriate
opTions
Columbia Business School provides students with the option of enrolling in either August or January. Students who begin in August have the opportunity to work a summer internship between their second and third terms. Students who do not want or need an internship may consider beginning their MBA studies in January and taking their second term during the summer. A January start may be ideal for students who wish to remain in the same industry after graduation or pursue entrepreneurial interests.
Available online: Application for admission Application deadlines and requirements Details on campus visits Financial aid information Entering class profile
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The excitement and energy of this campus is just amazing. Our students, professors, and practitioners all bring fresh ideas and rich experiences that create a dynamic environment.
mary miller Assistant Dean of Admissions
admissions offiCe
l www.gsb.columbia.edu/mba/admissions
Columbia Business School Executive Education Select from nondegree open enrollment programs in leadership, strategy, finance, and marketing, and nonprofit management, as well as custom offerings.
l www.gsb.columbia.edu/execed
Doctoral Program Offered by the Graduate School of Arts and Sciences and administered by the Business School, the PhD Program produces some of the worlds most soughtafter researchers and scholars.
l www.gsb.columbia.edu/phd
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emba-new york The New Yorkbased Executive MBA program is identical in curriculum toand is taught by the same faculty asthe full-time MBA Program. emba-global Columbias joint EMBA programs with London Business School and HKU Business School offer classes in the three financial capitals driving global business. berkeley-Columbia executive mba The Berkeley-Columbia EMBA program divides instruction equally between the faculties at Columbia Business School and the Haas School of Business at the University of California, Berkeley.
Our location, physically and intellectually, draws star power from the business community to campus.
glenn hubbard Dean, Columbia Business School Russell L. Carson Professor of Finance and Economics
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For more detailed information on the area and a detailed campus map:
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l www.gsb.columbia.edu/mba/maps_and_directions l www.gsb.columbia.edu/mba/life/campus
Admissions Office Columbia Business School Uris Hall 3022 Broadway, Room 216 New York, NY 10027 212-854-1961 E-mail: [email protected] www.gsb.columbia.edu/mba